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Technology Stocks : Intel Corporation (INTC)

INTC 48.23

+2.3%

Feb 11 3:59 PM EST

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To: AK2004 who wrote (6010)	12/5/1996 12:23:00 PM
From: Rob Rob	of 186894

AN FRANCISCO, Dec 5 (Reuter) - Robertson, Stephens Co analyst Dan Niles raised his estimate of Intel Corp's earnings for the fourth quarter to $1.93 a share from $1.73 a share previously, his assistant said. Niles also raised his estimate of Intel's fiscal 1997 earnings to $8.10 a share from $7.25 a share previously. "Dan continues to see improving conditions in the semiconductor market," the assistant said, speaking for Niles in a telephone call. Intel shares were off 3/8 to 129-1/8. REUTER Rtr 12:04 12-05-96 Copyright 1996, Reuters News Service Here we go. That makes two analyst upgrades in as many days. 8.10 is an awfully huge number. Just twenty times this and we are at 160+. Based on next years nubers we are currently at a PE of 16. Any comments?

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